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BVC · Cape Verde

Best Stockbrokers in Cape Verde

The BVC is one of Africa's smallest stock exchanges, with only a handful of listed equities. Most BVC activity is in government and corporate bonds rather than equities. Brokerage is intermediated exclusively through the two major Cape Verdean banks. Coverage is included for diaspora investors and completeness.

Regulator: Auditoria Geral do Mercado de Valores Mobiliários
Depository: BVC

2 regulated brokers covering BVC

Every broker listed below is licensed by Auditoria Geral do Mercado de Valores Mobiliários. We do not rank them — order is informational only. Always verify current licensing on the regulator's website before opening an account.

Banco Comercial do Atlântico (BCA)

Bank-Affiliated

Cape Verde's largest bank, and the primary intermediary for BVC equities and bonds.

Best for:
Cape Verdean residents and diaspora
Mobile app:
No
Access:
Foreign investors welcome
Visit Banco Comercial do Atlântico (BCA) →

Banco Caboverdiano de Negócios (BCN)

Bank-Affiliated

Second major Cape Verdean bank with BVC brokerage capability.

Best for:
BCN clients and bond investors
Mobile app:
No
Access:
Foreign investors welcome
Visit Banco Caboverdiano de Negócios (BCN) →

How to open an account on the BVC

  1. 1

    Open an account at BCA or BCN

    Both banks offer BVC trading as part of their wealth-management services. Foreign investors are welcomed but expect Portuguese-language paperwork.

  2. 2

    Cape Verde tax number

    Direcção Geral das Contribuições e Impostos issues taxpayer numbers to non-residents.

  3. 3

    Fund and trade

    CVE is pegged to the Euro at a fixed rate (1 EUR = 110.27 CVE), which removes FX uncertainty for European investors. EUR funding is straightforward.

KYC documents you'll need

  • Valid passport
  • Cape Verde tax number
  • Proof of address
  • Source-of-funds declaration

Fees and tax

Dividend withholding tax10%
Capital gains tax on listed equityGenerally exempt
Typical brokerage commission0.5% – 1.5%

Fees and tax rates are indicative and change. Verify current rates with your broker and the latest Finance Act before transacting.

Frequently asked questions

Why is the BVC so small?

Cape Verde is a small island economy of about 600,000 people; the listed-equity universe naturally reflects that scale. The BVC's bond market is more active than its equity board.

How does the CVE/EUR peg affect investors?

CVE is pegged to the euro at 110.27 CVE = 1 EUR. This removes FX risk for European-based investors and provides predictable conversion for diaspora.

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